Banking on Change: Exploring Central Bank Digital Currencies
Money Tree Investing
Money Tree Investing Podcast
4.6 • 658 Ratings
🗓️ 26 April 2024
⏱️ 65 minutes
🧾️ Download transcript
Summary
Kristen Ragusin joins us to explore central bank digital currencies (CBDC). Kristen has had quite the journey with money. It all started when she was just five years old, earning her allowance by explaining stock markets to her dad. After college, she spent 28 years at Merrill Lynch, managing money and building a practice. Now, she's at Raymond James doing more of the same. But her passion extends beyond traditional finance; she's also a money reformer, advocating for changes in the money system to create freedom and prosperity.
Today we discuss:
- Insights on the financial crisis of 2008
- Kristen's views on cryptocurrency and blockchain
- Implications of banks creating money and it's ties to consumer debt
- Predictions for the future of money and finance
- Discusses the impact of CBDCs and the need for public awareness and pushback
- Distinction between digital money and blockchain
Today's Panelists:
- Kirk Chisholm | Innovative Wealth
- Barbara Friedberg | Barbara Friedberg Personal Finance
- Megan Gorman | The Wealth Intersection
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For more information, visit the show notes at https://moneytreepodcast.com/exploring-central-bank-digital-currencies-kristen-ragusin-602
Transcript
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| 0:00.0 | Welcome to the Money Tree Investing Podcast. |
| 0:04.0 | Stock market, wealth, personal finance, value stocks, invest in your life. |
| 0:11.0 | Hello, Smart Money Tree Podcast listeners. Welcome to the Swiss show. My name is Kirk Chisholm and I'll be your host. So today I'm joined with Kristen Raggison. How do you do anything? |
| 0:19.8 | Oh, it's nice to be here with you. I'm doing great. Thanks. |
| 0:22.7 | Great. Well, glad to have you. It's interested. We had an interesting conversation prior |
| 0:25.9 | of the show. I'm excited that the listeners will get to listen to Kristen as well. |
| 0:29.6 | Kristen, tell us a little bit about your background. I have a strange. I started at five, |
| 0:33.9 | really. I was always interested in money and I had to earn my allowance, which was |
| 0:37.7 | a dollar a week, explaining to my dad how the markets worked. So it should have been no surprise |
| 0:42.8 | that after I graduated college, I started at Merrill Lynch and I was there for 28 years, managing |
| 0:48.1 | money, building a practice. And for the last three years, I've been at Raymond James doing |
| 0:53.3 | pretty much the same thing. I've also |
| 0:55.4 | become a money reformer in my spare time, which led to this revelation about how we can easily |
| 1:01.3 | change the money system and create freedom and prosperity. What kind of took you down that path? |
| 1:07.0 | Why does money need to be reformed? 2008 was a watershed moment year for me. |
| 1:11.9 | I was doing a master's degree. |
| 1:13.5 | I had been out of the office for a couple weeks. |
| 1:15.6 | When I got back, I saw some really secure triple A rated short-term papers starting to drop in price. |
| 1:21.9 | And interest rates weren't moving. |
| 1:23.3 | There was no reason for it. |
| 1:25.1 | When I called the desk in New York, they told me not to worry about it, that everything was |
| 1:30.0 | AAA and it was just a liquidity problem. |
... |
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